Stabilisation action helps BHG Retail maintian IPO price on listing debeut

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This is the first IPO on the Singapore Exchange (SGX) mainboard for 2015 and the second real estate investment trust (REIT) to maintain a pure exposure to the Chinese property market, after CapitaLand Retail China Trust

Singapore’s CDL to invest A$275m in Brisbane residential project

Singapore-based property major City Developments Limited (CDL) is re-entering the Australian residential market via a partnership with Australian developers Abacus Property Group and KPG Capital Partners,to develop a prime residential land site in Brisbane’s South Bank precinct, the company announced. CDL and Abacus will jointly provide the majority of equity funding… Read more »


SG: FCL offloads Compass Point JV stake; CapitaLand to redevelop Funan

The slew of real estate deals by Singapore listed firms are showing no signs of slowing down. The latest include, property major FCL is divesting its stake in a joint venture corporation that owns Compass Point Mall. Meanwhile, CapitaLand is redeveloping Funan Mall into a mixed development that will serve… Read more »


Singapore: GLP completes acquistion of 15.5% stake in China’s largest warehouse logistics provider

Singapore-listed Global Logistic Properties (GLP) Thursday said it had completed a deal to acquire 15.5 per cent equity stake in China Materials Storage and Transportation Development Company (CMSTD). LP said it had paid RMB 2 billion ($311 million) for the minority stake. This translates to RMB 5.86 per share, representing a 43 per cent… Read more »


Singapore: Errant Chinese firms face scrutiny as SGX tightens governance

Chinese companies on the Singapore Exchange (SGX) are facing extra scrutiny from the bourse as its new management attempts to improve corporate governance that could help boost flagging volumes and revive listings.


SG Dealbook: Olam offers to repurchase bonds;DHL launches innovation centre

Olam is repurchasing convertible bonds it issued in 2009, while DHL is launching its Asia Pacific Innovation Centre (APIC) in Singapore, to focus on researching and developing technologies for logistics in Asia. Olam offers to repurchase 6% convertible bonds Commodities trader Olam International has offered to repurchase its 6 per cent convertible… Read more »


Accor to buy owner of Fairmont, Raffles, Swissotel brands for $2.9b

The Paris-based group said it would pay for FRHI Holdings Ltd, parent of the Fairmont, Raffles and Swissotel chains, with $840 million in cash and by issuing 46.7 million new shares.


Ascendas REIT prices $290m equity fundraising at lower end of price range

ASCENDAS Real Estate Investment Trust (A-Reit) has priced its S$408 million ($290.6 million) equity fund-raising exercise at the cheaper end of the price range, the industrial and commercial property trust announced today. A-Reit will be selling 90 million new units to institutional and other investors through a S$200.1 million ($142.5… Read more »


Singapore Exchange launches bond trading platform, aims to improve liquidity

The Singapore Exchange (SGX) today announced the successful launch of SGX Bond Pro, the first over-the-counter (OTC) trading venue dedicated to Asian bonds. The Singapore bourse has established the SGX Bond Pro under SGX’s subsidiary, SGX Bond Trading (SGX BT), a licensed recognised market operator connecting buyers and sellers of… Read more »


SG Dealbook:Trendlines, Saviva Capital to operate incubator; Chaswood Resources raises S$1.2m in private placement

Trendlines Group has entered into a memorandum of understanding with a US private equity (PE) firm to jointly operate an incubator. Meanwhile, Chaswood Resources has raised funds in a private placement and secured interest-free shareholder loans. Trendlines enters agreement with Saviva Capital to operate agribusiness incubator Newly listed on the… Read more »